Synchrony Card Issuance Trust Issues $750M Class A(2024-2) Notes; Portfolio Update as of June 2024

Synchrony Card Funding, LLC

Issued $750,000,000 principal amount of Class A(2024-2) Notes on July 30, 2024; net proceeds ~$747.1M after underwriting and expenses.
Net proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.
Trust portfolio as of June 30, 2024: total transferred receivables $8.81B, 7.4M accounts, average balance $1,189, average credit limit $6,327.
Largest program partners: Sam's Club Dual Card (28.2% of receivables), TJX Dual Card (20.2%), Lowe's Private Label (14.2%).
Delinquency low: 94.8% of receivables current; VantageScore: 47.7% of receivables from accounts with score 720+.

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